Microsoft Corp (MSFT) Raises Quarterly Dividend 25% to $0.20; 3% Yield

September 20, 2011 6:01 PM EDT
Microsoft Corp (NASDAQ: MSFT) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 25% increase from the prior dividend of $0.16.

The dividend will be payable on December 8, 2011, to stockholders of record on November 17, 2011, with an ex-dividend date of November 15, 2011.

The annual yield on the dividend is 3 percent.

The company also said it will continue its $40 billion buyback program which was approved by the Board in September 2008. The authorization expires on September 30, 2013.

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